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Action Policy Digest – June 2018

Autore : Action Institute

Data: 14-06-2018

Tipo: Other

Tematica: Action Institute

Organized as a monthly newsletter, it presents an overview of the current international policy debate. You find below a selection of the best ideas from the most influential think tanks, structured in four areas: (i) Finance, (ii) Innovation and Development, (iii) European Affairs and (iv) Social Policy.
FINANCE

“The changing fortunes of central banking” What are the major challenges of central banks today? This book discusses the developing role of central banks and the policies they pursue in seeking monetary and financial stabilisation, while also giving suggestions for model strategies.

 

“On the risk sensitivity of bank capital requirements” The Basel III reform raised banks’ capital requirement per risk-weighted assets considerably, while risk weights were largely unchanged. This column uses a simple model to explore whether these risk weights discourage productive business investments.

 

“Diversification first: Why the euro area does not need an artificial safe asset” The European Commission has now tabled ‘enabling’ legislation for the creation of ‘SBBS’, sovereign bond-backed securities. The official purpose is to allow financial markets to create a ‘safe asset’, which should be used by banks instead of government bonds.
 

INNOVATION AND DEVELOPMENT

“Push to promote synergies in research and innovation funding” The seal of excellence is as much a signifier of the EU’s R&D funding shortfall as it is of Europe’s high quality science. Now, the EU wants money from the cohesion programme to fill the funding gap and translate research to market.
 

“Clusters and innovation districts: Lessons from the United States experience” Policymakers who wish to increase the growth of their economies and promote employment and the creation of well-paid jobs must understand the role played by place and geography and incorporate this understanding into their policy decisions.

 

EUROPEAN AFFAIRS

“Should the EU budget have a stabilisation function?” Despite its sharper focus on long-term growth, the EU budget is still not designed to fulfil a stabilisation function. More can be done.
 

“To manage Migration, the EU needs to rethink its Neighbourhood Policy” The EU’s effort to outsource control of its borders has come at a high cost, and is likely to become unsustainable. To manage migration, the EU needs to revamp its southern neighbourhood policy.

 

“How worried should we be about an Italian debt crisis?”Political backlash to slow growth and immigration has produced the least cooperative government imaginable in Italy. And borrowing costs have started to rise in reaction. Does this mean that a crisis is imminent? If so, how bad would it be?

 

“Completing Europe’s Banking Union means breaking the bank-sovereign vicious circle” Several euro area leaders have recently referred to the need to “complete the Banking Union”. This column asks what would be required for Banking Union to be considered “complete.

 

SOCIAL POLICY

“Online Talent Platforms, Labour Market Intermediaries and the Changing World of Work” By comparing the online talent platform economy and the temporary agency work sector, this study aims to contribute to a rapidly growing literature on new forms of work and their impact on the labour market.
 

“The role of gender in employment polarisation” The polarisation of employment by skill level is a phenomenon that has emerged in several industrialised economies in the last decades. This column argues that a substantial fraction of the phenomenon in the US is due to women’s increasing participation in the labour market.

Credit

Let me remind you that credit is the lifeblood of business, the lifeblood of prices and jobs.

Herbert Hoover […]

Health

Good health is essential to social and economical development and it empowers all of the public sectors.

World Health Organization […]

Innovation

Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.

Peter Drucker […]

Human Capital

Talent is a source from which water flows constantly renewed. But this source loses its value unless it is properly used.

Ludwig Wittgenstein […]